MOTEL FOR SALE- ADJACENT POPULAR BEACH

SOLD

Coffs Harbour NSW 2450

Accommodation/Tourism

BUSINESS FOR SALE

Description: Location, location! Adjacent to popular Mid-Coast beach. Stunning inspection and quality fit-out. Walk to shops, restaurants and other amenities. Genuine lifestyle property in highly sought-after area.

AAA Rating: 4-star self-rated

Construction: Two level double brick and tile with concrete slab floors and brick wall partitions. 10x 2 bedroom apartments, 4x 1 bedroom apartments plus 1x bedsit/motel suite. As new paintwork with quality furniture and equipment throughout. High quality construction.

Residence: 3 bedroom with built-ins, ensuite to main, private kitchen, open plan lounge/dining, bathroom, back office and double garage with private yard. Very large family residence - adjoins reception.

Age: Built 1977 approx.

Clientele: Currently used for club member with unused occupancy sold to public, corporate and tourist trade.

Land Area: 2,200sqm approx. Extra land next door available if required.

Tariffs: Single $85 - $110; Double $95 - $140; Family (4) $125 - $200; Extra person $15.

Chain Affiliation: No

Lease: No

Laundry: Domestic in residence. Sheets sent out with remainder done onsite.
Restaurant: No. All units have full cooking facilities. Restaurant in hotel adjacent.

Services: Self-contained apartments, pool, sauna, spa, BBQ area.

Turnover: Budgeted turnover at 65% occupancy is $390,000.

Occupancy: 65% budgeted approx.

Comment: Very well maintained property opposite popular Mid-Coast beach. Owned by club for members use. Very well furnished and maintained. Rare opportunity to acquire apartment block in highly sought-after beachside location. Extra block of land also available if required.



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